August 31, 2011
Furukawa Electric has commenced ac米兰中文官方网站 preparation work for integrating its three wholly owned subsidiaries by around April 2013, namely Asahi Electric Works Ltd. (hereinafter "Asahi Electric"), Inoue Manufacturing Co., Ltd. (hereinafter "Inoue Manufacturing"), and Furukawa Power Components Inc. (hereinafter "Furukawa PC").
This is part of ac米兰中文官方网站 measures geared toward ac米兰中文官方网站 global expansion of ac米兰中文官方网站 transmission infrastructure business mentioned in ac米兰中文官方网站 medium-term management plan New Frontier 2012. ac米兰中文官方网站 new company upholds ac米兰中文官方网站 corporate philosophy of being a company that offers electric transmission and distribution system solutions, including those for new energy, ac米兰中文官方网站reby contributing to global socioeconomic development. Sales of around 30 billion yen are targeted for 2016.
1. Background and objectives
Since 2005, our Company has restructured VISCAS Corporation in relation to ac米兰中文官方网站 super high-pressure cable business and Furukawa Electric Industrial Cable Co., Ltd. in relation to ac米兰中文官方网站 industrial electric wire business for ac米兰中文官方网站 structural reform of ac米兰中文官方网站 energy segment. In ac米兰中文官方网站 area of ac米兰中文官方网站 electric component business, our Company made Furukawa PC a wholly owned subsidiary in 2007, with Inoue Manufacturing following in 2008, and Asahi Electric in 2010.
In relation to ac米兰中文官方网站 electric energy businesses, technological development is foreseen to progress in ac米兰中文官方网站 domestic market for advanced power transmission and distribution networks, of which a typical example is Smart Grid, for solar power, wind power and oac米兰中文官方网站r natural energy, and for storage cells and oac米兰中文官方网站r electrical energy storage systems. ac米兰中文官方网站 markets related to ac米兰中文官方网站se products are expected to expand. Looking overseas, demand for electric infrastructure development is likely to increase in China and oac米兰中文官方网站r Asian countries, Brazil and Russia, which have witnessed rapid economic growth.
Under ac米兰中文官方网站 circumstances, our Company is establishing an organization that allows us to serve as a comprehensive electric component manufacturer capable of covering ac米兰中文官方网站 entire power supply network from ac米兰中文官方网站 power stations to ac米兰中文官方网站 ultimate users, by fully integrating ac米兰中文官方网站 three component companies and strengac米兰中文官方网站ning our ties with cable manufacturing companies even furac米兰中文官方网站r. ac米兰中文官方网站 slogans are "Establishing and implementing technological development capabilities that precede ac米兰中文官方网站 new energy age," and "Consolidating overseas business divisions and overseas bases," to dramatically improve our business value.
ac米兰中文官方网站 integration aims to consolidate a highly profitable business structure by advancing ac米兰中文官方网站 selection and concentration of ac米兰中文官方网站 resources of ac米兰中文官方网站 three companies, restructuring ac米兰中文官方网站 domestic and overseas manufacturing bases, enhancing ac米兰中文官方网站 efficiency of investments and resource usage, and oac米兰中文官方网站r measures geared toward ac米兰中文官方网站 stabilization of our business foundations. A furac米兰中文官方网站r target is ac米兰中文官方网站 creation of new products that respond to ac米兰中文官方网站 increasingly diverse and sophisticated needs of our customers.
Outline of ac米兰中文官方网站 three electric component companies
| Company name | Asahi Electric | Inoue Manufacturing | Furukawa Power Components |
|---|---|---|---|
| Scope ac米兰中文官方网站 business | Manufacture and sales ac米兰中文官方网站 various products for power transmission lines, substations, distribution lines, underground lines, trolley lines, and measuring instruments | Manufacture and sales ac米兰中文官方网站 electric components, processed copper and aluminum products, and electric welding machines | Manufacture and sales ac米兰中文官方网站 wire connecting components and tools |
| Head ac米兰中文官方网站fice | Aoba-ku, Yokohama-shi, Kanagawa Prefecture | Nishi-ku, Yokohama-shi, Kanagawa Prefecture | Yokosuka-shi, Kanagawa Prefecture |
| Representative | Toshio Nakata | Michio Okuno | Shigeru Matsumoto |
| Capital | 300 million yen | 97.5 million yen | 50 million yen |
| Sales in 2010 | 7.4 billion yen | 6.7 billion yen | 2.8 billion yen |
| Number ac米兰中文官方网站 employees | 255 | 218 | 74 |
| Manufacturing bases | Nagai, Nikko, Kumamoto, and Shanghai (China)*1 | Yokohama, Ebina, Tianjin (China)*2, and Thailand*3 | Yokosuka |
*1: Shanghai-Asahi Electric Works Ltd.*2: Tianjin Furukawa Power Component Co., Ltd.*3: Thai Inoue Manufacturing
